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. >>> and, by the way, on that question of the fiscal cliff, i had an extraordinary conversation today in washington, as well. with a group of people who are making history. it has taken 224 years, but for the first time, a record 20 women will be serving in the united states senate. and today, many of them gathered with me and some of them said women do lead in a different way. and women would have already brokered that deal on the fiscal cliff. >> i think, if we were in charge of the senate, and of the administration, that we would have a budget deal by now. >> reporter: do you all believe that? >> yes, without a doubt. >> yes. >> and what i find, with all due deference to our male colleagues, that women's style tend to be more collaborative. >> i think by nature we are less confrontational and more collaborative. and having us in the room and, i think, you know, all of us, not only do we want to work in a bipartisan way, we do it. >> i want you to know that soon, you'll see the whole interview with the powerhouse women of the senate. they are here to take action. and you have to see
. >>> and, by the way, on that question of the fiscal cliff, i had an extraordinary conversation today in washington, as well. with a group of people who are making history. it has taken 224 years, but for the first time, a record 20 women will be serving in the united states senate. and today, many of them gathered with me and some of them said women do lead in a different way. and women would have already brokered that deal on the fiscal cliff. >> i think, if we were in charge...
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so, sandra, if we hit this fiscal cliff, all the spending cuts kick in, what effect will that have on air travel? >> reporter: the big unknown is still how it will affect the everyday traveler. and that is certainly something a lot of people here are wanting to figure out. as for the air traffic controllers union, they released a statement this afternoon saying that it would be a major blow to the airline industry as well as the economy if these cuts are in effect. now, overall, we're talking about a nearly $2.2 billion projected cut to the department of transportation. half of that would come from the faa, and the tsa would suffer a $643 million spending cut. so according to the head of the tsa, they do have a plan b. they have a plan in place ready to go if these cuts are in place. now, he says that the overall front line operations would not be effective, but this would be a major severe budget cut and a lot of travelers here we spoke to, brooke, say they are paying close attention to the negotiations. >> it does concern me because, yes, i do travel not extensively, but enough on m
so, sandra, if we hit this fiscal cliff, all the spending cuts kick in, what effect will that have on air travel? >> reporter: the big unknown is still how it will affect the everyday traveler. and that is certainly something a lot of people here are wanting to figure out. as for the air traffic controllers union, they released a statement this afternoon saying that it would be a major blow to the airline industry as well as the economy if these cuts are in effect. now, overall, we're...
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abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we talked about inside game@ú4d versus the outside gam. the out side game is played for leverage. inside is where real negotiations are taking place. >> in okay gress the american people have be scratching their heads and wondering when is the president going to get serious? >> democratic leader took the floor. >> he said he's willing to make some changes but it's important that any changes not hurt the middle class. >> the post you'ring went on this morning with only a rare glimpse the house of rep stifz empty. except for the speakers. this is the outside game talk consummation. >> it's just about post you'ring to ge
abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we...
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you have the fiscal cliff, and you have all kinds of gridlock in washington. what do you make of what you see? >> it is very strange. i mean, it could be that somebody should sit down and rewrite the way america runs things, because, you know, while america did this, china moves forward rapidly. other countries are more decisive move forward rapidly. so i think on the fiscal cliff it will get sorted. it would be nice if there could be a bit more decisive leadership. if you run a company, you don't have this -- this horrible problem where you can't make decisions. you can get on and say if i want to get into space, i'll go into space. let's get on and invest in it. if i want to go down to the bottom of the oceans, let's build a submarine that goes to the bottom of oceans. it's a lot easier than running a country. >> do you blame any particular side? is it all the same to you? >> look, i think i'm slightly biased one way more than the other, but i'm not going to push out 50% of the people watching your program right now. all right. i think that as far as things
you have the fiscal cliff, and you have all kinds of gridlock in washington. what do you make of what you see? >> it is very strange. i mean, it could be that somebody should sit down and rewrite the way america runs things, because, you know, while america did this, china moves forward rapidly. other countries are more decisive move forward rapidly. so i think on the fiscal cliff it will get sorted. it would be nice if there could be a bit more decisive leadership. if you run a company,...
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you know, we are talking in washington about the fiscal cliff and raising taxes on the wealthy. taxes on the wealthy are going to go up january 1st regardless what happens with the fiscal cliff. the medicare tax on higher earnersers is going up and a steep tax on investment income. >> going up 3.8% on top of it. so the rich people who have -- who are high earners, their income will probably go up. and then they also, if they have investment income, it goes up 3.8% so they are paying more that way, and they are paying more on a medicare tax. so the democrats say the rich aren't paying more. and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have lobbyists and
you know, we are talking in washington about the fiscal cliff and raising taxes on the wealthy. taxes on the wealthy are going to go up january 1st regardless what happens with the fiscal cliff. the medicare tax on higher earnersers is going up and a steep tax on investment income. >> going up 3.8% on top of it. so the rich people who have -- who are high earners, their income will probably go up. and then they also, if they have investment income, it goes up 3.8% so they are paying more...
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investors responded to positive reports from washington, d.c. on the fiscal cliff. the solar panel installation company solar city postponed it's plans to go public late today. the san mateo company had planned to offer its initial offerings tomorrow on the nasdaq. no reason was given for the postponement but it came after the owner bought $15 million woát of -- $15 million worth of shares possibly to try to boost values. >>> delta used to have three daily nighs now -- daily nights now it has nine. >>> more than 46,000 people signed the petition calling for the school system to scrap the logo. even lieutenant governor newsom agreed. as part of the board of regents i agree with petition, new logo is a disaster. sign the petition. >>> a bit of holiday cheer spread at the uc berkeley campus with word that a scholarship is being set up for low income undocumented students. the university says the scholarship will help nearly 200 undocumented students from 20 different countries. >> what it tells our students is if you work hard and you get into uc berkeley now you have
investors responded to positive reports from washington, d.c. on the fiscal cliff. the solar panel installation company solar city postponed it's plans to go public late today. the san mateo company had planned to offer its initial offerings tomorrow on the nasdaq. no reason was given for the postponement but it came after the owner bought $15 million woát of -- $15 million worth of shares possibly to try to boost values. >>> delta used to have three daily nighs now -- daily nights...
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investors responded to positive reports from washington, d.c. on the fiscal cliff. the solar panel installation company solar city postponed it's plans to go public late today. the san mateo company had planned to offer its initial offerings tomorrow on the nasdaq. no reason was given for the postponement but it came after the owner bought $15 million woát of -- $15 million worth of shares possibly to try to boost values. >>> delta used to have three daily nighs now -- daily nights now it has nine. >>> more than 46,000 people signed the petition calling for the school system to scrap the logo. even lieutenant governor newsom agreed. as part of the board of regents i agree with petition, new logo is a disaster. sign the petition. >>> a bit of holiday cheer spread at the uc berkeley campus with word that a scholarship is being set up for low income undocumented students. the university says the scholarship will help nearly 200 undocumented students from 20 different countries. >> what it tells our students is if you work hard and you get into uc berkeley now you have
investors responded to positive reports from washington, d.c. on the fiscal cliff. the solar panel installation company solar city postponed it's plans to go public late today. the san mateo company had planned to offer its initial offerings tomorrow on the nasdaq. no reason was given for the postponement but it came after the owner bought $15 million woát of -- $15 million worth of shares possibly to try to boost values. >>> delta used to have three daily nighs now -- daily nights...
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the fiscal cliff. they could be, working all this out behind-the-scenes and will tell us later. they could be. maybe the threat of working through the holidays will get them on the move? that is coming up. and a possibly breakthrough in the high profile murder case that cops call a "hit" job. police now have the get away car. but what about the driver? nounc] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in visio
the fiscal cliff. they could be, working all this out behind-the-scenes and will tell us later. they could be. maybe the threat of working through the holidays will get them on the move? that is coming up. and a possibly breakthrough in the high profile murder case that cops call a "hit" job. police now have the get away car. but what about the driver? nounc] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let...
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. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mut
. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get...
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these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie calton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the i.c.c. financial crisis measure that guarantees one hundred percent of all checking account bank deposits now the c b o estimates the f.d.a. as the does not collect enough fees to offset the risk exists as another subsidy for too big to fail banks we have a r
these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in...
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as long as the fiscal cliff is approaching ahead. we have a panel to debate how like light is that a dial might happen any soon, bill, plus th this. [chanting] bill: tempers are hot on fire. controversial right to work law passed in michigan and a top union leader is here live in a moment and will react to all of that. martha: in a will be pretty interesting, stick around for that. a massive gas explosion. look at that car driving flight through it, melted parts of a major interstate. witnesses describe this horrifying scene coming up. >> all of a sudden i mean the christmas -- the ornaments on the tree, my pictures rattled, everything, and then it just -- it sounded -- almost like the end of the world, or like turbine engines. bill: a major highway reopening in west virginia after a massive explosion shut it down. check that out. that is a police car driving through the flames. several homes destroyed, interstate 77 is now back open in both directions, and the natural gas line fire melted guardrails, left an 800-foot section baked b
as long as the fiscal cliff is approaching ahead. we have a panel to debate how like light is that a dial might happen any soon, bill, plus th this. [chanting] bill: tempers are hot on fire. controversial right to work law passed in michigan and a top union leader is here live in a moment and will react to all of that. martha: in a will be pretty interesting, stick around for that. a massive gas explosion. look at that car driving flight through it, melted parts of a major interstate. witnesses...
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coming up, more fiscal cliff talks between the two most powerful men in washington right now. >>> plus, he was supposed to be parking an nfl star's car, but he made a bit of a detour. this is like ferris buehler's day off. amazing story. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. oral-b power brushes. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. i just finished a bowl of your new light chicken t pie soup and it's so rich and creamy... is it re
coming up, more fiscal cliff talks between the two most powerful men in washington right now. >>> plus, he was supposed to be parking an nfl star's car, but he made a bit of a detour. this is like ferris buehler's day off. amazing story. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush...
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be part of negotiations on fiscal cliff. we will talk with john larson on how house democrats take on the issue and stephen ola and christina martin and david john of the heritage foundation, on the long-term solvency of social security. "washington journal" is live every morning on c-span at 7:00 a.m. eastern. >> the white house was very controversial as most americans were. >> it was designed for appellate, but americans were having a pellets. it was not particularly awe-inspiring. a european diplomat told the congress that it was neither large or are of the awe-inspiring nature. to . >> "new york times" critic kitty goldberg gathered photographs in history on sunday evening at 730 eastern and pacific on c-span3 american history tv. >> president obama this evening said the u.s. now recognizes the main syrian opposition group as the legitimate representative of its country's people. turkish journalism has reported that the new america foundation. two men have returned from the country into the to the west can do more to hel
be part of negotiations on fiscal cliff. we will talk with john larson on how house democrats take on the issue and stephen ola and christina martin and david john of the heritage foundation, on the long-term solvency of social security. "washington journal" is live every morning on c-span at 7:00 a.m. eastern. >> the white house was very controversial as most americans were. >> it was designed for appellate, but americans were having a pellets. it was not particularly...
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we're going to get back now to washington where they're taking questions on that fiscal cliff. there is john boehner. listen. >> if you look at our budget, we had no new revenue in our budget. if you look at the president's budget, he had $1.6 trillion worth of new revenue in his budget. we've been reasonable and responsible in our approach to this, and we're going to continue to do that. it's time for the president to do his part. >> after hanging up with the president, are you left hopeful that you can bridge the difference and get a deal? >> i was born with the glass half full. i remain the most optimistic person in this town, but we've got some serious differences. [ inaudible question ] >> the supplemental has been sent up to the hill. the relevant committees are doing their work on the supplemental, and when they're finished, we'll take a look at it. >> how do you think you went from cordial -- that's how you described the call yesterday at noon -- to deliberate -- i mean, let's just call it what it is. it sounds like it was pretty tense. >> it's two different calls. >> b
we're going to get back now to washington where they're taking questions on that fiscal cliff. there is john boehner. listen. >> if you look at our budget, we had no new revenue in our budget. if you look at the president's budget, he had $1.6 trillion worth of new revenue in his budget. we've been reasonable and responsible in our approach to this, and we're going to continue to do that. it's time for the president to do his part. >> after hanging up with the president, are you...
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you said there's two words we are not likely to hear and we haven't heard in any of this fiscal cliff debate. >> reporter: yeah, balanced budget. in all of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal government when both parties don'tage knowledge that. as for -- don't acknowledge that. as for what's going on, just downstairs from me, speaker boehner started throwing cold water on any report that the talks were moving ahead. yes, there have been an exchange of offers. he said the last couple of days, but he said his phone call last night was a frank discussion about just how far apart they are. with 19 days left until the deadline or nine days until the end of the world, if you are look at the mine cardinal, nobody knows which way -- calendar, nobody knows which way we are headed. >> isn't this part of the we're so far apart publicly. but suddenly, they will announce miraculously they've reached a deal? >> repo
you said there's two words we are not likely to hear and we haven't heard in any of this fiscal cliff debate. >> reporter: yeah, balanced budget. in all of the talks we've heard about the fiscal cliff, we've heard about balance and new tax revenue. but we don't hear balanced a budget. i think -- balanced budget. i think this speaks to how bad the situation is in the federal government when both parties don'tage knowledge that. as for -- don't acknowledge that. as for what's going on, just...
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what we do know is this, that the fiscal cliff is looming. the house has taken action over the past several months that would address this. you know that washington does not have a revenue problem. it has a spending problem. what you have to do is get the spending side of this under control. there is a way to generate more revenue, and it is through reforming the tax code, cleaning it up, dealing with some of the loopholes. it is a dynamic way to approach the revenue quotient rather than a static which, which is just raising the rates and you're going to end up getting less revenue. so i think it's an opportunity to clean up this tax code. i would like to see the focus put on that. >> i would argue you guys have a fiscal cliff problem actually and maybe all of the above, clean up the tax code, raise some taxes for some people, cut some spending, like everybody in america has to deal with their own budget. >> we also have a ca and trade problem, soledad. >> cap and trade, we've got a lot to cover and 48 hours. >> if we do not clean this up we
what we do know is this, that the fiscal cliff is looming. the house has taken action over the past several months that would address this. you know that washington does not have a revenue problem. it has a spending problem. what you have to do is get the spending side of this under control. there is a way to generate more revenue, and it is through reforming the tax code, cleaning it up, dealing with some of the loopholes. it is a dynamic way to approach the revenue quotient rather than a...